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Home My WebLink About1906 t ~ . ~ . ~ . ~~t. ~ ' • 1 ~ 'I'he I~1ort{;n~or l~~reby cuvenant9 with t}~o iiorig?~~;oe, tliat ho is indofensiUl~' soized at said lsnd in fce aimplo or such ott~~r ~.stAta~ t! Any tt.g ia sttit~d horein; tl~nt, hp hN.~ full poxor and lawlul right to coqvc~~ tLc srZme a?a slorc~said; thut the laud is frec~ ~com all uncumbrancos oxc~pt as I~erein o~hc~rwisa recitcd; thRt said ,4lortg~gor will nic~ke such further assurancc3a to provo tho afar~,said titlR to eaid land in aaid Mortgagca cis may bo reason- ab13• ro. uired, ai~d that said Mortgagor doc~s hereby fully warient the titla to said land, and avery part thereof~ and wil~ defeucl tho sama against tLe lawful claioas of all po~ona whomsoe~~or. PAOVIPED AI.w~YS that i[ tho ?~iortgagor shall pay unto ~he Mortgagc~e tlist cartain promissory notc~, oi which the lollowiug is a substa~itial cops~ to wit: . i 33,300.00 ForC Pie ce ~~orids. Ma,• 16 ~ 1~ ~ 5. FOR VALUE RECEIVED~ the uuden3igried promise(s) to pay to TH~ LOMAS & NETT~.~TON COMPANY . , a corporation organized and c~adstin.g under the . _ laws of TNE ST TE OF CONN~CTICUT~ or order, t~e principal sum of ~~RTY THREE THOUSAND THREE HUNllRED AND NOg140 llollars (i 33, 300.00 with interest from date at the rate of Eight and one half ~Per centum 1~~'0) per annum on !the uapaid balance until paid. ' The said principal and interest shall be payable aC ihe office of _ The-Lomas ~ Nettleton Company - - 175 Orange ~treet ~ ~ NeW Ha~ep Conr~ecticut 06~~~ ~ or at such other ple~ce as the holder may deaignate in writing _ delivered or m' ed ~o the debtor, ~n mon y installments of TWO HUNARED FI~y SIX ~ ~~Q~ollars ~{256.08 commencing on the first dsy of - Y, , 1975 , and con~in~tng on the _ 6rst day af each month thereafter until this note is full3 paid, excopt that, ~f not aooner paid, the final payment of principal and interest shall ba due and payable on tho first dsy oi _ J~ , 2$~Q~ . Privilage is rescryed to prepay at~any tima~ without premium or fee, the entire m e tedness ny part thereof not less than the amount of one instaliment, or one hundred dollars (a100.00), whichever is less. Prepayment in full shall be credited on the date received. Partial prepayment~ other than on an installment due date~ need not be credited until the next following Instaltment du~ date or thirty. days aftecsuch prepayment, whichever is eazlier. If eny deficiency in the payment of any installment under this note is not msde goud prior to the dus dste . of the next suc~ installment, the entire principal sum and accrued interest shall at once become due and ~ay- able without notice at the option of the holder of this note. Failure to eaercise this option shall not constitute a waiver of the right to eaerc~se the sarae in the event of any subsequent default. In the event of default in the ~ • payment of this note, and if the same is eollected by an attorney at lsw, the undersigned hereby agree(a) to ~ pay all costs of collection, including a reasonable attornsy's fee. ~ - _ This nots is secured by mortgage of even date executed by the undersigned on certain property described . therein and represents money actually used for the acquisition of said property or the improvemente thereon. - PresenLment, protest, and noticR are hereby waived. - , ~ _ . : ~t.J'T_ ~ 5~~7!'_~"'~"~V~Y? ~SEAL] : _ . _ ` - M . R. GOODWIN ~ - ~ : ~ a u ~s~?L] ~ . . DIANE C. GOODWIN ~ _ - [S~7 ~ [s~L7 And shall duly, promptly, and fully perform, diseharge, execute, ef~ect, complete, and comply. wit,h and abide by each and every the stipul~tions, agreements, conditions, and covenants of said promissory note and of thia mortgage, then this mortga.ge and the estate hereby created shall ceuse and h~ nuil ac:d void: The Mortgagor further covenants as follows: - 1. That he will pay the indebtedness, as hereint~fore pro~-ided. Privilege is reseneci fio prep~y at any time, . witho~t premium or fee, the ent.ire indebtedness or any part thereof not less than the amount of one instaltment, or one hundred dallars (i100.00), whichever is less. - - . 2. In order ~i»or~ full~• to protect the securit~- of this iitort~iige, t)ie ~lortgngor, togef~?er with, ancl in addition to, the ~nonthl~• pu~•iuents under the terms of U~e:note s~rured lie~reb~•, orj the first. da~• of each month until the sni~l nat~ is full~• puicl, u•ill pa~~ to the ~fort~a~:~~, ns truste~, (und~r tii~ tern~s o(this trust ns hercin- ~ nft~r statcd) tlu• follo~~•ing swns: ' (a) A sum equal to the ~round rents, if any, next due, plus t.he premiums that will nezt become due and payabte - on policies of fire and other hazard insurance covering the mortgaged property, plus taxes and assessments - next due on the mortgaged property (all as estimated by the I~iortgagee and of which the Mortgagor is _ Aoti&ed) less all sums already paid therefor divided by the number of months to elapse before one month prior to_the date when such ground rents, premiums, taxes, and as~essments aill become delinquent., _ ° such sums to be held by Mortgagee in trusttopaysaid ground r2nts, premiums, taxes, andspecial asse.~.sments. (b~ The aggregate of the amounts payuble pu~ttant to subparfsgraph (a) and those payable on the note secured - hereby, shall be gaid in a single payment each month, t~ be applied to the following items in the order ' stated : - - i . (I) ground rents, taaces, assessments, fire, and other hazard insurance premiums; ~ ~ - (II) interest on the note secured hereby; and ~ - (III) amortization of the principal of said note. - ( - Any deficiency in th~ amount of such a~;gre~ate monthly payment shall, unless made good by the Mortr ~ gagor pr~or to the due date of the next suc}~ pa~•ment, constitute an event of default ~nder this mortgage. ~ ~ - At Mortgagee's option; Mortpagor will pa3• a"late cLarge" not exceeding four per centum (4~0) of any install- - ' - ment when psid more than ~ifteen (15) da_ys after the due date thereof to cover thc extra expense in~olved in ' handling delinquent ~ayments, but such "I~te ~.harge" shall not be pa~able out of the proceeds of ariy sale - made to satisfa the ~ndebt~dness secured hereb~~, wiless such proceeds are sufficient to dtscharge the entire - _ ~ indebtedness and all proper costs and expenses secured thereby. ~ - ~ ; 3. If tl~e total of the pa~•inents mnd~ hr the ~tortgngor un~lec (u) of nAra~rupl~ 2 preceding shall exceed t}ie nmount of pn}-ments flct~~~ll}- ~~iu~l~ b~• tt~c ~fort~;n~;ec, us truste~* for ~;round r~~nts, tnxes and asse~~mEnts, and insurance preiniunis, a.s tlie case tna~- he, suc}? excess sl~all b~ credit~d or. subsequent pa~•ments to be made s b~• the t~iortgn~;or tor su~h ite~ns ar; at ~torlgn~ee's option, as truste~, sl~all be reiunded to vtortgagor. If, ~ however, such ~nont}~l~• pat'n?ents shull not h~ suHi~•ient to pa~- such itr.ms ~~•hen the same sha11 become due - and pn1'able, then t1?e~~lortgagor shnll_ pn~- !o tlie :11ort~n~cr, as truste~, nn~- an?ount necesser;• to make up _ thc de~icienct-. Such pa~-n~ent shall be n~a~lc ~itl~in thirt}- (:i0~ dA}•s after ~critten notice from the viortgagee _ stating tbe amount of the deficiency, Khich notice may be given bymail. If at. any time the l~iortgagor enall ~ ' S00ft ~~J~7 PAGf 1~ - _ - . ~